Ameritas Advisory Services LLC Cuts Holdings in The Boeing Company (NYSE:BA)

Ameritas Advisory Services LLC trimmed its holdings in The Boeing Company (NYSE:BA - Free Report) by 43.1% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,055 shares of the aircraft producer's stock after selling 12,906 shares during the quarter. Ameritas Advisory Services LLC's holdings in Boeing were worth $2,960,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BA. American National Bank & Trust boosted its position in shares of Boeing by 474.1% in the 1st quarter. American National Bank & Trust now owns 155 shares of the aircraft producer's stock valued at $26,000 after purchasing an additional 128 shares during the period. REAP Financial Group LLC boosted its holdings in shares of Boeing by 60.2% in the fourth quarter. REAP Financial Group LLC now owns 173 shares of the aircraft producer's stock valued at $31,000 after acquiring an additional 65 shares during the period. Dogwood Wealth Management LLC grew its position in shares of Boeing by 167.2% during the fourth quarter. Dogwood Wealth Management LLC now owns 179 shares of the aircraft producer's stock worth $32,000 after acquiring an additional 112 shares during the last quarter. Solstein Capital LLC purchased a new position in shares of Boeing during the fourth quarter worth approximately $33,000. Finally, Heck Capital Advisors LLC acquired a new position in shares of Boeing in the 4th quarter valued at $33,000. 64.82% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Boeing news, EVP Jeffrey S. Shockey sold 3,205 shares of the stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $202.87, for a total transaction of $650,198.35. Following the transaction, the executive vice president owned 20,513 shares of the company's stock, valued at $4,161,472.31. This represents a 13.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Brendan J. Nelson sold 640 shares of the company's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $206.28, for a total value of $132,019.20. Following the completion of the transaction, the senior vice president owned 13,258 shares of the company's stock, valued at $2,734,860.24. The trade was a 4.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 7,744 shares of company stock valued at $1,511,370. Company insiders own 0.09% of the company's stock.

Boeing Stock Performance

BA stock traded up $2.11 on Wednesday, reaching $211.90. The company had a trading volume of 5,864,484 shares, compared to its average volume of 9,465,386. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $218.80. The company has a market cap of $159.77 billion, a P/E ratio of -11.82 and a beta of 1.41. The company's fifty day moving average is $199.80 and its 200 day moving average is $180.55.

Boeing (NYSE:BA - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.39) by $0.90. The firm had revenue of $19.50 billion for the quarter, compared to analyst estimates of $19.57 billion. Boeing's revenue for the quarter was up 17.7% on a year-over-year basis. During the same period in the prior year, the business earned ($1.13) earnings per share. On average, sell-side analysts predict that The Boeing Company will post -2.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

BA has been the subject of a number of recent research reports. UBS Group increased their price target on shares of Boeing from $207.00 to $226.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Royal Bank Of Canada reaffirmed a "cautious" rating on shares of Boeing in a research note on Thursday, June 12th. Redburn Atlantic raised Boeing from a "hold" rating to a "strong-buy" rating and boosted their target price for the company from $180.00 to $275.00 in a report on Friday, June 27th. Wall Street Zen downgraded Boeing from a "hold" rating to a "sell" rating in a report on Saturday, May 17th. Finally, Benchmark dropped their price objective on shares of Boeing from $250.00 to $215.00 and set a "buy" rating on the stock in a research note on Monday, April 21st. Four research analysts have rated the stock with a sell rating, three have assigned a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $215.77.

About Boeing

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through Commercial Airplanes; Defense, Space & Security; and Global Services segments.